The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. By crafting a well-defined strategy, businesses can mitigate transportation costs, mitigate supply chain disruptions, and uphold customer satisfaction. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Movement

APRIL 22, 2016

The need to benchmark supply chain performance runs deep in many companies. For many companies, the search for benchmarking data becomes the end in and of itself, rather than the means to an end. Often, companies go through the trouble of completing a benchmark, only to then let the results collect dust on a bookshelf.

Benchmarking 60

Benchmarking Supply Chain Planning Software Gartner Pharmaceutical 60

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

BlueYonder

DECEMBER 17, 2013

American Shipper recently released its annual benchmark report entitled “ Global Transportation Management Benchmark Study: Climbing the Visibility Sophistication Ladder.” When looking at other aspects of transportation process such as consolidation and routing opportunities, the measurement is quite simple.

Global Transportation 56

Global Transportation Benchmarking Study Modeling 56

Talking Logistics

SEPTEMBER 6, 2016

Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels.

Optimal Sourcing 100

Optimal Sourcing Logistics Network Optimization Software Transportation Cost Reduction Strategies 100

ToolsGroup

DECEMBER 16, 2021

By understanding inventory needs from a financial perspective, including revenue and margin, retailers gain insight into their open-to-buy process and, as part of their merchandise financial planning, ensure the organization will not overspend merchandising budgets. Improve Inventory Flexibility. What is an open-to-buy ?

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

Supply Chain Collaborator

JULY 21, 2016

In its 2016 Global Transportation Management Benchmark Study, American Shipper reveals a great deal of data about who is using TMS, who should be using TMS and why. Retailers are among those industries most interested in TMS solutions as they work toward linking transportation management with inventory management.

Benchmarking 60

Benchmarking Study Inventory Reduction Cost Reduction Strategies 60

Silvon Software

JUNE 1, 2023

This includes procurement, production, transportation, warehousing, and distribution. Inventory turnover: Evaluate how quickly materials are moving through the supply chain by measuring the number of inventory turnovers within a given period. Implement these changes systematically to drive better material flow performance.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

ToolsGroup

OCTOBER 11, 2017

"You must be able to make a direct link between the forecasting accuracy improvement and customer service, cost, efficiency, inventory, cash flow or capability improvements,” says Gartner. 2% reduction in transportation costs (percent of sales). 9% reduction in inventory obsolescence (percent of inventory value).

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Logistics Viewpoints

JANUARY 10, 2024

While the supply chain pressures that have built up over the last two years continue to abate as transportation capacity problems ease and consumption shifts from goods to services, newer challenges and opportunities lie ahead. Most recently, APQC has conducted best practice and benchmarking research on last mile delivery.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Predictive Analytics Software 246

Talking Logistics

APRIL 27, 2015

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. What’s the first step in that process?

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

Logistics Bureau

OCTOBER 20, 2021

In many cases, your distribution operation will incur unwanted costs to manage returns of damaged items and deliver replacements to the customers (not to mention the cost of writing off damaged inventory). Inventory Days of Supply. How to Calculate Inventory Days of Supply. Average sales in a month: 600. The Par Level System.

Supply Chain Design Software 79

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 79

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Logistics Logistics involves managing the transportation and delivery of goods.

Optimal Sourcing 79

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

Stord

AUGUST 5, 2020

Freight transportation is the culprit that makes up a vast majority of air pollutants and emissions in the US. Freight transportation is often a huge part of indirect emissions that go un-tracked. As a shipper, this data is necessary to develop industry benchmarks for carbon footprint.

Waste Reduction 78

Waste Reduction Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 78

Unleashed

APRIL 9, 2024

It measures inventory availability and the ability to meet customer orders as they come in. Inventory management A business with a healthy OTIF score is more likely to manage its inventory well and avoid overstocking or stockouts. This results in increased holding costs and a greater risk of inventory obsolescence.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. Because our customers around the globe can meet or exceed their service level requirements while minimizing inventory, they’re ready for whatever tomorrow brings.”

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

Logility

AUGUST 25, 2020

in inventory write-down and 20% drop in stock value. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Warehousing and transportation costs. COGS, Total Supply Chain Cost, Productivity, Returns Rates, Carry Cost of Inventory.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Supply Chain Shaman

NOVEMBER 9, 2014

When we started benchmarking companies, Deborah and I had a friendly wager. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. I was wrong. We never found this company.

Manufacturing Procurement 284

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 284

Logility

AUGUST 4, 2023

Whether your definition of value includes on-time, in-full (OTIF), inventory reduction or optimization, transportation spend, speed of decision making, supply chain costs, net working capital, or a myriad of other value measures, you know your business better than anyone.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

Supply Chain Matters

JUNE 28, 2022

Of all of our featured blog content in 2021, our most read blog was our March 2021 commentary: Zara Provides The Benchmark For Supply Chain Digital Transformation. . Further reported was the highest profitability performance in a decade in the midst of high inflation and disrupted global transportation and logistics networks.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Morocco Spain Apparel 52

SYSPRO Smarter ERP

MAY 29, 2023

Picking completeness Quality of items picked On-time shipment Orders shipped damage-free Number of returns As benchmarks, the Warehousing Education and Research Council (WERC), has noted that the average is 3-4 percent for miss-picks, and 98 percent for on-time shipments. This can help with inventory accuracy.

Warehousing 98

Warehousing Material Savings Expense Reduction Cost Reduction Strategies 98

Supply Chain Game Changer

OCTOBER 29, 2020

Use of Freight Rate Benchmarking. Freight rate benchmarking with real-time data can assist your freight sourcing team to benchmark the rates that you are getting against what is out in the market instantly. Freight rate benchmarking and market intelligence will greatly assist you irrespective of the size of your business.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

ThroughPut

DECEMBER 6, 2023

Businesses can access historical data, market trends, and other external factors and, by plugging in predictive analytics, gain invaluable insights that streamline inventory management, demand forecasting, transportation planning, risk mitigation, and overall decision-making processes. So, how does predictive analytics help with that?

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

ToolsGroup

JULY 26, 2016

They don’t know how to segregate, forecast or inventory these “extreme error” items. Leverage Inventory More Effectively. Firms are incorporating a pull-based replenishment approach or an inventory “ pull strategy ” that can operate with less inventory, more stable supply operations and improved cash flow.

Forecasting 120

Forecasting Supply and Demand Optimal Sourcing Inventory Reduction 120

Intelligent Audit

APRIL 27, 2021

Improved transportation optimization and automation can greatly affect costs and expenses associated with fulfilling customer needs and demands. Prioritize Better Inventory Replenishment. Innovations have forever changed the face of the global supply chain, beginning with the very way inventory is managed and controlled.

Supply Chain Software 52

Supply Chain Software Negotiating Skills Supply Chain Planning Software Supply Chain Optimization 52

The Logistics & Supply Chain Management Society

JULY 14, 2021

Disconnected algorithms won’t work, because you lose visibility, and then to compensate, you need armies of planners and inventory buffers. With a network-based strategy, you not only see the logistics, transportation planning, and execution, but you can also see the order. extra inventory. Self-adjusting supply chain.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Optimization Software Network Optimization 130

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. A company might order the same quantity of a product each month, not accounting for seasonal demand variations.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Logistics Bureau

FEBRUARY 22, 2021

Inventory Availability. The Transport Company’s DIFOT. This is the one everyone seems to measure—the transport company’s delivery in full & on time. The one thing that stands out in this example is inventory availability—and that is exactly where this company’s management team trained their focus. So think about that.

KPI 52

KPI Warehousing Benchmarking Inventory 52

Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. New Study Shows a Rise in US Company Inventories. This and much more, in your Monday supply chain briefing from Arkieva.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Unleashed

JULY 25, 2021

Food waste can be caused by inadequate processing, production waste, poor food handling, perishability factors, environmental events, loss during transport and harvesting, or because food simply doesn’t make it past the farm gates. Improving food inventory control. What is food waste management?

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

The Network Effect

NOVEMBER 25, 2014

The journey from ‘good’ to ‘great’ is well underway across many global supply networks. In order to operate a ‘great’ supply network, we must adhere to 2 immutable truths….namely namely there is a single statistical sales forecast driving all related actions across the supply network, and this therefore drives a single version of the truth.

Material Savings 189

Material Savings Inventory Reduction Cost Reduction Strategies Supply Chain 189

Supply Chain Shaman

DECEMBER 29, 2016

In a nutshell, the research states there is a correlation between cost, inventory, and forecast performance. The original AMR Research analysis focused on a benchmarking sample of over 70 companies. The data collection, and primary research, took place over a couple of years. Just the opposite.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

Unleashed

FEBRUARY 1, 2023

This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Supply Chain Shaman

AUGUST 14, 2016

The focus is on channel data: price; inventory positions; and policies. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. (The The use of customer segmentation to determine priority in matching inventory with orders during the order cycle. Channel Sensing.

Material Savings 178

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 178

Precoro

MAY 19, 2023

By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time. Inventory is one of the most important assets of any company, as it’s the basis for generating revenue. The relation is expressed as a ratio of average inventory divided by the net sales over a period of time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The goal is to keep inventory levels at a minimum to meet customer needs. Review Inventory turns and Return on Assets. It is the main measurement benchmark in measuring supply chain performance, isn’t it?

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Logistics Viewpoints

AUGUST 9, 2022

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

Inventory Management Software 224

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 224